The five key responsibilities you'll have when you're your own bookkeeper

If you're going to be your own bookkeeper you'll have to manage your company's financial records on a day-to-day basis. The Practical Accountancy Loose Leaf outlines that your main bookkeeping responsibilities will be to:

1.Finalise and interpret accounts;

2.Interpret and draft financial statement;

3.Maintain financial records and prepare general ledger accounts;

4.Calculate and record statutory returns; and

5.Establish, maintain and use computerised bookkeeping systems.

These responsibilities are there to ensure you correctly record all transactions in the right ledger or computing system.

But there are separate jobs within dealing with your books. These jobs are...

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